Page 6 - NIBAF-Training Matters January-March 2021
P. 6
Webinar by Alif Technologies
in collaboration with NIBAF
Crypto-assets are the new buzz word in the The speakers for the webinar were Mr. Petri Basson,
financial world. Regulators around the globe are Director, IT Advisory practice, KPMG Caymen
flustered by the need, extent and methods for Island; Dr. Inayat Hussain, Executive Director,
regulating them. M/s Alif Technologies, a Dubai Banking Supervision Group, State Bank of Pakistan;
based IT Company, arranged a webinar in Ms. Serene Liaw, Manager Research, Labuan IBFC.
collaboration with NIBAF and SBP for commercial The session was moderated by Dr. Farrukh Habib,
banks, aimed towards adding to the understanding Co-Founder and Managing Director of Alif
of crypto-assets and thereby the complexities and Technologies.
challenges faced in regulating these.
Mr. Petri Basson, briefly discussed the international
The webinar was opened by Mr. Sajid Ali, Director, landscape, starting with the US allowing banks to
Learning and Development, NIBAF who welcomed offer Crypto Custody Services as well as process
the speakers and participants and briefly payments using Stable coins. Moving on to Asia, he
introduced NIBAF to the audience. Mr. Asif Zaman, shared that Hong Kong issued first digital asset
Co-Founder and CEO of Alif Technologies, custodian license and also green lights first virtual
introduced Alif Technologies and their initiative of assets exchange and finally Singapore used a
creating awareness about emerging technologies, regulatory sandbox before granting license. He
which led to this webinar. stated that having regulations for crypto assets can
potentially encourage banks to accept them since
previously banks were averse to dealing in crypto
6
